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Coinbase Completes First AI-Managed Crypto Transaction

Coinbase Completes First AI-Managed Crypto Transaction

Coinbase has achieved a notable milestone by facilitating the first-ever cryptocurrency transaction overseen entirely by an artificial intelligence bot.

This development marks a significant step forward in integrating AI with blockchain technology.

The announcement reveals that, while traditional payment systems are beyond the reach of AI bots, they can now manage crypto wallets and execute transactions using USDC on the Base network.

Coinbase CEO Brian Armstrong emphasized the significance of this advancement, stating that although AI bots cannot hold bank accounts, they are capable of utilizing crypto wallets for transactions involving humans, merchants, or other AI systems.


READ MORE: Law Firms Earn $751 Million in Crypto Bankruptcy Cases


Armstrong also pointed out the current limitations of AI technology, noting that even advanced AI systems struggle to perform useful tasks independently.

He mentioned that, despite progress with products like devin.ai, AI still faces challenges in acquiring and managing necessary resources.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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